We were not able to find the Zip Code you enter.
Please check the Zip Code to make sure it was entered correctly.

The Chase product or service you selected is not available in the ZIP code you entered. Please check the ZIP code to be sure it was entered correctly. For more information about our products or services, please Contact Us.

The Chase product or service you selected is not available in the ZIP code you entered. Please check the ZIP code to be sure it was entered correctly. For more information about our products or services, please Contact Us.

You may have an Ad Block program enabled. Please disable the Ad Block program in your browser and then enter your ZIP code. For more information about our products or services, please Contact Us

Log in to view your accountsAttention Window Eyes users: If you are using Internet Explorer 9 or 10, you may not be able to log in to the Chase site or other Internet sites. Please read Using Window Eyes on our accessibility page at chase.com/accessibility . First Log in or Enroll menu item.

HMDA: Frequently Asked Questions

The Home Mortgage Disclosure Act (HMDA) is a federal law enacted in 1975 that requires mortgage lenders to collect, report and disclose information about their mortgage applications, originations and purchases. HMDA was designed to provide the public with loan data that can be used to assess how financial institutions are serving the housing needs of their communities.

Whether the loan falls under the Home Ownership Equity Protection Act (HOEPA)

HMDA data continues to include racial identifiers, the amount of the loan and the location of the loan by census tract. Lenders first reported this information to regulators in March 2005. Loans closed and applications dispositioned during the calendar year must be reported by lenders by March 1 of the following year. This data will be made available to requesting parties within 30 days upon request.

For-profit mortgage lenders that make $25 million or more in mortgage loans annually or that do at least 10% of their business in mortgage loans must collect and report HMDA data. In addition, federally insured banks, savings associations and credit unions with a home or branch office in a metropolitan area and that originated at least one home purchase or refinance of a home purchase loan in the preceding calendar year must report HMDA data.

The information is not designed to explain why differences in loan pricing exist. For example, HMDA data does not include a borrower's total financial qualifications—such as credit score, property type and value, debt-to-income ratio and loan-to-value ratio—or product choices.

A loan's APR (annual percentage rate) depends on a variety of factors, including a borrower's financial qualifications, product choices and competition within the mortgage lending business. A borrower's financial qualifications include payment and credit history, work history, assets, other debt, down payment, loan-to-value ratio, and the type of property they own or buy.

Characteristics of the loan selected—adjustable-rate vs. fixed-rate, length of loan term, etc.—impact the APR. Weaker financial qualifications increase the risk of a borrower's default on a loan, so lenders charge higher rates to compensate for this risk. In addition, product features such as higher LTV increase the risk, and thus, a loan's price.

Current HMDA regulations allow government oversight of the mortgage lending marketplace by identifying certain trends without compromising the privacy of borrowers or the ability of lenders to compete. Expanding the scope of the existing law could further affect the privacy of individual borrowers because it is possible in many cases to match HMDA data to local property reports and identify the individual whose mortgage appears in the HMDA data.

Yes. Financial education allows individuals to improve their financial qualifications and their attractiveness as a borrower. It also helps them to make informed choices when it comes to getting a mortgage. Chase designs, supports and actively promotes educational efforts that train individuals to make sensible financial decisions, be better customers and get better prices.